USAT: the blockchain solution for the intellectual property problem
press release – USAT Inc. aims to be the innovative blockchain solution to the IP commercialisation problem. Its core values focus on protecting the inventor’s rights, whilst providing them with a path to market, prioritising ethical technologies which are likely have positive impact locally and internationally.
USAT Inc: education and innovation
USAT Inc. has a strong humanitarian commitment, providing educational opportunities to the next generation of innovators. As such, USAT Inc. is well positioned to introduce new highly competitive and disruptive technologies into emerging markets.
First case: ScienSmart Calorimeter
The second USAT Inc. product scheduled for commercialisation is the ScienSmart Calorimeter, which will enter into the emerging health and fitness industry. The ScienSmart Calorimeter is a significantly more accurate version of the type of existing calorie measuring technology that underpins equipment such as Fitbit.
This growing market has proven to be highly competitive, dominated by several large market players, all seeking to get a competitive edge over its rivals in to capture additional portion of the market. According to Forbes, “the first quarter of 2015 saw a 200% jump in wearable device sales from last year, and shipments are expected to triple from 21 million devices sold globally in 2014 to 144 million in 2018”.
The ScienSmart Calorimeter has already completed all stages of evaluation, including proof of concept and prototype, and is nearly ready for commercialisation. This patented technology calibrates to an individual’s body and uses data from the individual to provide the exact calorie output to any smart phone (accounting for age, metabolic rate, activity levels, health conditions etc). In contrast, existing technology only estimates the calorie output based on heartbeat and the input of arbitrary factors such as age and weight. USAT Inc.’s ScienSmart Calorimeter technology is the key to having a competitive edge in the wearable tech market due to its extremely high, real-time accuracy.
This technology is protected by 2 individual patents and is currently undergoing experimental and testing phases prior to the product release date in the fourth quarter of 2019. As part of USAT Inc.’s business model, 15% of all product sales will be required to be made in USAT tokens, purchased from the secondary market.
Read more about USAT:
This press release is part of content partnership between Bitcoin Magazine NL and USAT.inc.